How to clear up any confusion about the new tax-law changes – CNBC

Numerous questions are whirling because of the changes in the Tax Cuts and Jobs Act. Plenty of those queries involve misconceptions about applying the new tax rules and finding tax savings opportunities.

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Certified financial planner Barry Glassman, founder and president of Glassman Wealth Services, and Tom Stringfellow, CFP and president of Frost Investment Advisors, offered their expertise on the confusion surrounding the tax issues.

“Most of our conversations [with clients] revolve around itemizing versus standard deductions,” Glassman said. “Taxpayers understand that they have to pay taxes; what they don’t want are surprises, and a lot of people are going to be really surprised that they’re using the standard deduction and they’re not going to get credit for their charitable deductions or any medical expenses.”